Bitcoin Is 'Choppy' But What About Rollbit? Expect This During The Next Bull Market

Pseudonymous crypto analyst Altcoin Sherpa spotlighted the potential of the Rollbit token (CRYPTO: RLB) in the forthcoming bull market, while also sharing insights on Bitcoin's (CRYPTO: BTC) current trajectory.

Sherpa expressed optimism about RLB's prospects in a bullish scenario but voiced concerns about its possible decline to $0.07 or even lower in the near term.

The analyst also highlighted potential regulatory challenges that could impact the token's performance.

Sherpa's comments comes as Benzinga gears up for its Future of Digital Assets conference on Nov. 14. Industry experts will convene and discuss the evolving landscape of digital currencies as well as the potential challenges and opportunities they present.

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Regarding Bitcoin, Sherpa described the current market as "slow and choppy," casting doubt on his earlier prediction of Bitcoin reaching $28,000 in the short term.

He pinpointed the support level between the current price and $25,500 but expressed reservations about Bitcoin losing the point of control of its range.

However, Sherpa maintained his long-term perspective on Bitcoin, indicating that his high time frame view remains consistent.

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